Market Research Report
Global Construction Outlook to 2024 (Q4 2020 Update)
|Published by||GlobalData||Product code||963039|
|Published||Content info||87 Pages
Delivery time: 1-2 business days
|Global Construction Outlook to 2024 (Q4 2020 Update)|
|Published: December 18, 2020||Content info: 87 Pages||
Having suffered a historic collapse in construction activity during Q2 2020 amid widespread disruption caused by restrictions imposed to contain the spread of COVID-19, there are signs that the global construction industry is poised for a recovery. In many major markets, construction output levels bounced back in Q3 2020 as sites were reopened and operations resumed. Although a renewed spike in (or continued high levels of) COVID-19 infections has resulted in new restrictions in the latter part of 2020, the construction industry in general has been permitted to continue.
There are challenges in the short term in terms of getting back to a normal level of activity, not least those related to making sites COVID-19 secure and adhering to local regulations, notably social distancing rules and self-quarantining of workers. However, with the distribution of vaccines on the horizon, the risk of a repeat of the severe disruption that occurred in 2020 has diminished. Reflecting this, GlobalData expects that global construction output will expand by 4.5% in 2021, following the estimated contraction of 2.9% recorded in 2020
This report provides a detailed analysis of the prospects for the global construction industry up to 2024, including an assessment of the impact of COVID-19.